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Price of Chinese Su pears continues to rise

The price of Su pears showed a continued increasing trend this week. The average price this week was 3.6 yuan [0.52 USD] per kg, while the average price last week was 3 yuan [0.43 USD] per kg, and the average price last month was 3.2 yuan [0.46 USD] per kg. The price increased by 20% this week in comparison with last week, and by 12.50% in comparison with last month. The main reason for this development is as follows: the supply volume from production areas decreased. The main supply areas for Su pears currently on the market are Shangqiu and Dangshan. The volume of Su pears on the market is relatively small and demand exceeds supply.

The price of Su pears when they first came on the market this year was higher than last year. The main reason is that the pear trees suffered from frost when the trees were in bloom. The production volume decreased by almost half this year. The market supply of Su pears last week came directly from production areas, while this week part of the supply comes from refrigerated storage. The cost price increased by 3-4 yuan [0.43-0.58 USD]. Furthermore, the flavor is slightly better than it was when the pears first entered the market, which further increased the price.

The price is likely to increase even further as demand greatly exceeds the limited supply this year.

Source: Wanbang International Market

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